TDJ to acquire the remaining 49.41% stake in Grenevia for PLN602m.

TDJ, a Polish family-owned investment firm, agreed to acquire the remaining 49.41% stake in Grenevia, a company connecting investors with the green transformation, for PLN602m. "Grenevia is undergoing significant transformation, tied to the progressive closure of mines and the reduction of coal extraction. This process is challenging, lengthy, and fraught with risks. Concurrently, the demanding market environment in the company’s areas of operation, combined with capital-intensive investments required to maintain competitiveness, burdens Grenevia’s results and generates increased capital needs. TDJ, as the majority shareholder, supports the company during this difficult process. At the same time, we recognize that some shareholders may not view Grenevia as an attractive investment in the coming years. Considering these market conditions and the low liquidity of the shares, we want to provide investors with the opportunity to sell their shares," Jacek Leonkiewicz, TDJ Chairman of the Board.